Pacgold (ASX: PGO)

Announced positive high-grade gold results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate published in 2020 on the Company’s 100% owned White Dam Gold Project, 80km east of Broken Hill in South Australia.

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White Dam project photos – Courtesy of Pacgold Ltd.

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Pacgold Reports High-Grade Gold in Initial White Dam Resource Drilling Results

Resource drilling continuing to May and second rig on site for Heap Leach testwork

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the initial results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate (MRE) published in 2020 on the Company’s 100% owned White Dam Gold Project (‘the Project’), 80km east of Broken Hill in South Australia’s Olary Province.

HIGHLIGHTS

 WHITE DAM RESOURCE DRILLING PROGRAMME RAPIDLY ADVANCING – Reverse Circulation (RC) drilling to upgrade the Vertigo Mineral Resource Estimate (MRE) is 85% complete with 123 holes for 8,003m completed.

The drilling rig will then move to the Hannaford Pit, followed by White Dam North and Rolling Prospects.
 INITIAL ASSAY RESULTS CONFIRM HIGH GRADE GOLD AND STRONG CONFORMITY WITH MRE BLOCK MODEL – Infill RC drilling has been undertaken over a strike length of 500m at Vertigo to infill and upgrade the shallow gold mineralisation, with results strongly underpinning an anticipated MRE upgrade, including:
VRC001: 15m @ 1.6g/t Au and 0.48% Cu from 56m
incl. 1m @ 4.4g/t Au and 1.2% Cu from 60m
and 4m@ 2.9g/t Au and 0.79% Cu from 62m

 SECOND RIG ON SITE TO UNDERTAKE DRILLING FOR METALLURGICAL TESTWORK ON HEAP LEACH PAD – A Sonic rig is now onsite and will begin work on drilling out the existing Heap Leach pad for metallurgical testwork and grade estimation on the remaining ore.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“Our exploration and development teams are rapidly advancing with resource drill-outs. Concurrently, we are looking to firm up potential shallow, low-cost, and easily accessible ore.

 

“By bringing this ore forward in our mine optimisation and schedules, we can help reduce early working capital requirements while we strip back the main pits at Vertigo and Hannaford to access these primary orebodies.

 

“Once each pit has been drilled to our satisfaction, new resource models and pit optimisation studies will be completed.

 

“The Company is targeting early Q3 2026 to finalise this work. Subsequently, we can move forward with our permit submissions to mine the White Dam North resource and expand the footprint of the existing Hannaford and Vertigo pit operations.

 

“2026 has commenced with the team successfully meeting all our goals. With the pad now under irrigation and the re-crush of the final lift set to begin this quarter, we are consistently hitting all our operational milestones.

 

“We look forward to achieving our first production as we continue the rapid transition from explorer to producer.”

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To read the full news release, please click HERE

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Catalyst Metals (ASX: CYL)

Reported further drill results at the Cinnamon trend, located on the Plutonic Gold Belt.

These latest drilling results have confirmed a high-grade zone along a 400m strike length, which remains open in both directions.

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Catalyst discovers new high-grade zone below the Cinnamon Resource

Potential sixth underground ore source beneath an existing open pit Reserve creates an exciting new growth area for Plutonic

Catalyst Metals Limited (ASX:CYL) (Catalyst or the Company) is pleased to report further drill results at the Cinnamon trend, located on the Plutonic Gold Belt.

These results follow initial drilling in mid-2025 which indicated the potential for high-grade mineralisation beneath the existing known Cinnamon Resource.

These latest drilling results have confirmed a high-grade zone along a 400m strike length, which remains open in both directions.

• Cinnamon is an undeveloped gold Resource 25km from the Plutonic processing plant
• Cinnamon’s open pit Resource currently stands at 145koz
• Back in October 2025, Catalyst intersected 33m at 7.4 g/t beneath this open pit Resource
• The result opened up an exciting new area beneath the Cinnamon Resource extending approximately 400m
• Since this announcement, Catalyst has been able to confirm mineralisation on a 50m
spacing along this 400m target area. Drilling results now include:

Previously announced drill results
o 33m at 7.4g/t Au o 22m at 14.3g/t Au o 37m at 4.2g/t Au

New drilling results
o 18m at 9.7g/t Au o 19m at 4.1g/t Au o 20m at 2.9g/t Au
o 11m at 4.4g/t Au o 17m at 3.0g/t Au o 17m at 2.6g/t Au
o 8m at 2.9g/t Au o 30m at 2.9g/t Au o 14m at 2.6g/t Au

• Drilling will now be undertaken to test the limits of the area both along strike and at
depth, while also infill drilling this defined 400m area
• These drilling results have opened up an exciting new area for the Plutonic Belt – the
Cinnamon trend is a 3km trend with little to no exploration drilling at depth, or outside
of the known Cinnamon Resource
• Catalyst’s drilling to date has focused on Plutonic Main, Plutonic East and Trident, as they provide the main feedstock for future production
• These results give Catalyst further confidence that Cinnamon has the potential to form a sixth underground ore source – this will create optionality and further support Catalyst’s 10-year production plan and 200koz targeted annual production level
• Under Catalyst’s ownership, Plutonic’s Reserves have tripled.

This occurred in 2025 and was driven by a doubling of Plutonic and Trident Reserves
• With this new discovery at Cinnamon, and drilling now underway at K2 and Old Highway, Catalyst has an attractive exploration pipeline
• In light of the ongoing exploration success along the Plutonic Belt, Catalyst commissioned a study in October 2025 to assess a restart of the second processing plant at Plutonic. The purpose of the study was for Catalyst to evaluate its future expansion opportunities. This plant runs parallel to the existing 2Mtpa plant and was placed in care and maintenance in 2010.

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Catalyst’s MD, Director, and CEO, James Champion de Crespigny, commented:

“Since Catalyst acquired Plutonic, it has only had the time and capital to explore at Plutonic and Trident.

 

“Both Reserves have doubled under Catalyst’s ownership”

 

“The next target was Cinnamon. The results today, and those released back in October 2025, suggest the potential to replicate this success again.

 

“What is also exciting is that we are awaiting further results from K2 and Old Highway – two attractive prospects.

 

“The 2025 financial year had a strong focus on exploration at Plutonic and to date, this seems to be delivering results.”

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To read the full report please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals

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To read our full terms and conditions, please click HERE

Horizon Minerals (ASX: HRZ)

Provided an update on the drilling program under way at its 100% owned high-grade Burbanks gold project, located 9km south of Coolgardie in the Western Australian Goldfields.

Results include some spectacular High-grade gold intercepts.

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Baroora gold project – Credits Horizon Minerals

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HORIZON MINERALS BURBANKS DRILLING RETURNING SPECTACULAR GRADES

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to provide an update on the drilling program under way at its 100% owned high-grade Burbanks gold project, located 9km south of Coolgardie in the Western Australian Goldfields.

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HIGHLIGHTS

• Underground mining at Burbanks historically produced 324koz @ 22.7g/t Au
• The historical production is in addition to the existing JORC (2012) Mineral Resource of:
o 6.1Mt grading 2.4g/t Au for 466koz 
• Horizon commenced a 30,000m drilling program in late June 2025, with the initial 15,000m targeting mostly infill to upgrade the existing resource. Eighteen of the planned 45 Phase 1 holes have been drilled with assays returned for 15 holes, with highlights as follows: 
o 1.55m @ 99.65g/t Au from 336.3m including 0.4m @ 350.00 g/t Au from 336.7m
and 0.35m at 64.29g/t Au from 336.3m (25HBBD004)
o 5.3m @ 3.49g/t Au from 235.7m including 0.6m @ 19.22 g/t Au from 238.7m
(25HBBD004)
o 1.7m @ 37.18g/t Au from 71.0m (25HBBD004)
o 3.7m @ 5.13g/t Au from 222.4m including 0.57m @ 27.52g/t Au from 224.8m
(25HBBD004)

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Managing Director and CEO Mr Grant Haywood said

“These spectacular high-grade intersections from our infill diamond drilling program further demonstrate the exceptional quality of the orebody and underscores the potential of our Burbanks project.

 

“Confirming such strong results within our existing resource area provides real assurance in the project and demonstrates the opportunity to deliver improved resource confidence that will feed directly into development studies, ultimately providing valuable high-grade feed to our 100% owned Black Swan processing plant.” 

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To read the full news release please click HERE

 

——-

 To View Horizon Mineral’s latest share price and chart, please click HERE

..To View Horizon Minerals’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Horizon Minerals.

.

Ora Banda Mining (ASX: OBM)

Provided an update on its continued drilling success at its Waihi deposit.

Following the success of the first seven- hole drill program that was reported on 10 June 20251 at Waihi, Ora Banda has embarked upon a 45-hole drill program for 15,300 metres targeting depth extensions and new discoveries.

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Riverina adit – Courtesy of Ora Banda Mining

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ORA BANDA ANNOUNCE OUTSTANDING DRILL RESULTS AT WAIHI BUILDS MOMENTUM FOR THIRD UNDERGROUND MINE

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued drilling success at its Waihi deposit.

Following the success of the first seven- hole drill program that was reported on 10 June 20251 at Waihi, Ora Banda has embarked upon a 45-hole drill program for 15,300 metres targeting depth extensions and new discoveries.

Early drilling has been highly successful in expanding the mineralised envelope with the best intercept of 6.0m @ 21.1g/t presenting 200 metres below surface and demonstrating the high-grade potential within the envelope.

The program has extended the Waihi West Lode to over 350 metres below surface with hole WHDD25006W2 returning 3.9m @ 29.5 g/t (Inc 1.8m @ 60.8 g/t).

This is the deepest hole drilled to date targeting this lode surface. In a shallower, potential second shoot position, hole WHRC25005 returned 7.0m @ 14.5g/t.

Follow up drilling on both of these potential shoots remains ongoing.

A significant outcome has been the discovery of a new Lode system in the hanging wall of the historical Gold Pole mine with early drilling returning 13.5m @ 6.1 g/t and 8.0m @ 8.7 g/t (Inc 4.0m @ 14.9 g/t). These intersections remain open along strike, to the north and down plunge.

Follow-up drilling has been planned to expand on this discovery.

According to the Minedex database, the historical Golden Pole mine produced 81,000 tonnes @ 29.0g/t Au for ~77,000 ounces (between 1900 and 1939), all extracted via underground mining methods.

Currently the down plunge extensions of this mine remain untested at depth and are
hosted within the same controlling structures and geological setting as the main Waihi complex.

The Golden Pole was mined to a depth of 190 metres (275mRL) below surface, yet the deepest drill intercept is only 150 metres below surface (345mRL). The mine’s shoot dimensions are relatively small, with approximately 250 metres of plunge continuity and 60-70 metres of height, with mining widths, at times exceeding 5-10 metres.

As reported on 10 June 20251, hole WHDD25004W1 intersected mineralisation at 330 metres below surface, returning 8.7m @ 9.3g/t, including 1.1m @ 30.2 g/t and 0.4m @ 90.6 g/t. This position has now been interpreted to be the down plunge continuance of the Lady Georgina Lode.

Lady Georgina held some of the highest near surface grade gold mineralisation that was mined historically in an underground mine and subsequently in an open cut mine.

Additional drilling has been being planned for this position and will be scheduled in the near term.

Highlights:

• Drilling from the first 9 holes from a planned program of 45 drill holes (15,300
metres) at the Waihi deposit has delivered outstanding results.
• The drilling intersected both:
o a new gold lode returning 13.5m @ 6.1 g/t & 8.0m @ 8.7 g/t (Inc 4.0m @
14.9 g/t, 4m Composites) in the hanging wall of the historical Golden Pole
Mine; and
o material depth extensions on the Waihi West Lode to over 350 vertical
metres below surface with hole WHDD25006W2 returning 3.9m @ 29.5 g/t
(Inc 1.8m @ 60.8 g/t).
• Significant results include:
o 6.0m @ 21.1 g/t Inc. 0.7m @ 159.0 g/t Waihi East
o 3.9m @29.5 g/t Inc. 1.8m @ 60.8 g/t Waihi West
o 7.0m @ 14.5 g/t Inc. 5.0m @ 19.2 g/t Waihi West
o 4.1m @ 8.8 g/t Inc. 1.5m @ 15.7 g/t Waihi West
o 9.0m @ 3.5 g/t Waihi East

• The Waihi deposit is located three kilometres west of Ora Banda’s processing
plant and is being targeted as a potential third underground mine (in addition to
Riverina and Sand King) at the Davyhurst Project.
• A number of highly prospective exploration targets will be tested in addition to
extensions of known mineralisation with the remaining 36 holes in the program.

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Ora Banda’s Managing Director, Luke Creagh, said:

“These results are nothing short of outstanding as we continue to expand the high-grade potential of the Waihi deposit, which is located only 3km from the Davyhurst processing plant.

“The high-grade and good widths combined with meaningful depth extensions continue to build the case for Waihi as a third underground mine on the Davyhurst Project”
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The full news release can be viewed HERE

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Caprice Resources (ASX: CRS)

Reported results from the final batch of 26 holes from its Phase 3 RC drill programme at the Island Gold Project (which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

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Caprice Resources project map – Courtesy of Caprice Resources

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CAPRICE ANNOUNCE FURTHER HIGH-GRADES AND NEW MINERALISED ZONES CONFIRMED AT ISLAND GOLD

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report results from the final batch of 26 holes from its Phase 3 Reverse Circulation (RC) drill programme at the Island Gold Project (IGP, or the Project) which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

All assay results from the 43 holes (7,024m) completed in Phase 3 have now been received, with this batch of high-grade intercepts extending the strike length at Vadrian’s to at least 350m and delineated new mineralised zones, all of which remain open at depth. Importantly, the results have increased confidence in the geological model and provide strong evidence that gold grades increase with depth.

The newly identified Condenser target reinforces the fertility of the corridor, with early-stage results comparable to initial shallow hits at Vadrian’s and follow up drilling planned to test its depth potential.

The IGP target corridor remains open along its 5km in length and 1km width, with drilling to date constrained to depths of less than 170 vertical metres below surface, leaving ample scope for the discovery of additional high-grade gold lodes at depth.

Caprice remains focussed on progressing toward delineating a maiden gold Mineral Resource Estimate (MRE) of grade, continuity, and scale at IGP. A fully-funded Phase 4 drilling programme, set to comprise 20,000m of air core, RC and diamond drilling, is currently scheduled to commence in September 2025.

FINAL PHASE 3 ASSAY RESULTS

Vadrian’s mineralised envelope:
• 10m @ 10.9 g/t gold from 123m downhole in 25IGRC051, including:
 1m @ 63.9 g/t gold from 126m downhole
• 9m @ 14.8 g/t gold from 154m downhole in 25IGRC054, including:
 1m @ 33.1 g/t gold from 159m downhole
• 5m @ 18.3 g/t gold from 180m downhole in 25IGRC049, including:

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Caprice CEO, Luke Cox, commented:

“The final batch of Phase 3 drilling has delivered our most impressive gold grades to date, returning equivalent grades of up to two ounces per tonne and confirming robust continuity across the Vadrian’s system.

 

“These results not only reinforce the high-grade nature of the mineralised zones, but also the potential for scale, with known gold mineralisation presently open in all directions.

“The identification of new gold lodes across the broader project area is also exciting, with results supporting the presence of stacked lodes and a large-scale mineralised corridor that continues to grow.

 

“These outcomes reinforce our strategic objective to rapidly define a high-grade, project-scale gold resource at the Island Gold Project, ideally located between two major regional processing hubs in the heart of the Murchison Goldfields.

“The Phase 4 exploration programme is now in advanced stages of planning and has been designed to build on the success of our previous drilling campaigns as we progress towards delivering a maiden MRE at IGP.

 

“This upcoming campaign will focus on extending known zones of high-grade gold mineralisation and further enhancing our geological understanding of the system.

 

“The combination of RC and diamond drilling is expected to provide the drill density required to support a robust resource model, while air core drilling will continue to test the broader IGP system for new discoveries.”

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To read the full news release please click HERE

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.To View Caprice Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Caprice Resources

.

Meeka Metals (ASX: MEK)

Reported further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections including 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au (25TBGC058).

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Meeka Metals drill site – Credits Meeka Metals

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Meeka Metals Announce 36m @ 2.82g/t Au – Thick Zones of High-Grade Gold at Turnberry Central

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections:
• 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au
(25TBGC058)
• 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
• 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
• 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t Au
(25TBGC046)
•
Infill and extensional drilling at Turnberry continues to intersect broad zones
of high-grade gold with multiple 20m+ intersections.
• New 20m+ thick, high-grade gold assays from Turnberry Central include:
o 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @
3.85g/t Au (25TBGC058)
o 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
o 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
o 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t
• RC drilling remains ongoing at the Murchison Gold Project (“Murchison”) in
advance of stage 1 open pit mining which continues to progress as planned.
Commenting on the drilling,

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Meeka’s Managing Director Tim Davidson said:

“These broad zones of shallow high-grade gold will support high productivity, low-cost open pit mining.

 

Open pit mining continues to ramp up with the mining fleet currently operating at St Anne’s.

 

 

“Activities will expand further in the coming weeks with work commencing at Turnberry, initially at Turnberry South then moving to Turnberry Central where these drill
results are from.”

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

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